This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its unique structure, featuring a spirocyclic framework, makes it valuable for developing drugs targeting central nervous system disorders. Researchers leverage its chemical properties to create molecules that interact with specific receptors in the brain, potentially leading to treatments for conditions such as anxiety, depression, and neurodegenerative diseases. Additionally, its stability and reactivity make it a suitable candidate for further chemical modifications, enabling the exploration of new therapeutic pathways.